Gold and Silver in free fall

[Joules MM1]

https://www.tradingview.com/x/eyPBwDmc/

game on, Watson

 

[qldfrog]

Took a while but that could be it.usd up, sharemarket strongly down yet PM unaffected and carrying on, weakly yes but still .in my naive view, we have seen the bottom for PM

 

[Joules MM1]

As you know I'm bullish POG. I'm concerned that the pull back in the POG Thurs-Frid wasn't corrective. I think Friday's rally is wave B and we may see a wave C back down to 1700. If 1700 holds or wave C is truncated or price charges through 1740. We're off to the races.

..looks like we're on for a completion of that idea
liking 1714's xauusd

 

[Joules MM1]

nice bid so far
getting thru 1747 will bring a chase some short covering, getting thru 1755 front month contract will bring the fomo team

https://www.tradingview.com/x/aSBkSruT/

 

[Joules MM1]

nice bid so far
getting thru 1747 will bring a chase some short covering, getting thru 1755 front month contract will bring the fomo team

https://www.tradingview.com/x/aSBkSruT/

my level to sell snapped, the front month cmc cfd suddenly shot upto 83% buy to open "all clients",
everyone buying the dip, no fear......this maybe the buy of lifetime for some,
however, as Paul Tudor Jones would say losers average losers

the larger downchannel is not far below, break that level and technical selling increases

 

[Joules MM1]

under the guise of "optimism without naivety"
here's a technical probability
a simple down-up-down to complete an equality move that would be very bullish, keeping inside the larger downchannel, in that it also completes a trad cup n handle
...there is a strong proviso in this idea, in that, technically, a lower low today would exceed the first swing down of 2011 altime high
(Sept 2011 thru Dec 2011)

https://www.tradingview.com/x/P88geMT8/

given the rampant desire to be long and the lack of fear - that suggests the bigger fool theory is currently (on a US$ basis) the heavier risk

 

[Balder]

Interesting arguments being put forward by John Adams on Perth Mint Silver shortages.



Seen elsewhere much debate about actual physical prices but I’m starting to question whether globally there is a lot of physical Silver freely available?

 

[explod]

Interesting arguments being put forward by John Adams on Perth Mint Silver shortages.



Seen elsewhere much debate about actual physical prices but I’m starting to question whether globally there is a lot of physical Silver freely available?

I've been accumulating physical silver for 20 years. For the first time of late it is getting very hard to acquire. Google up 10 ox bars and they can only be obtained at around 90% above spot.

 

[Balder]

I've been accumulating physical silver for 20 years. For the first time of late it is getting very hard to acquire. Google up 10 ox bars and they can only be obtained at around 90% above spot.

Interesting. Put that up hoping someone would give me a feel for it.

I’d be able to pick up around $495 - $515 at exchange rates, not quite the same premium (with overseas post on top). Thought expensive but maybe not and there is some truth behind the squeeze.